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Author: TMFHoops CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 10413  
Subject: Robt. Friedland responds again Date: 5/11/2000 12:17 PM
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The Motley Fool has been asked by Bob Williamson, a representative of Robert M. Friedland, to post the following message in response to Bill Mann's March 29, 2000, Fool on the Hill column, "Some Sirius Questions," (www.fool.com/news/2000/foth000329.htm) and the subsequent April 14 Letter to the Editor from Mr. Friedland (www.fool.com/news/2000/siri000414.htm).

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Re: Response to Erroneous Posting on Motley Fool Website

In his response to my set-the-record-straight letter, posted on Motley Fool April 14th, Mr. Mann declared that he stood behind all of the points in his March 29th commentary on Sirius Satellite Radio. How can he "stand behind" a claim that I am the largest shareholder of Sirius, when the public record clearly shows that I am nothing of the sort? How can he "stand behind" at least a dozen, plain and simple errors of fact?

Mr. Mann even injected a new falsehood into his response. Mr. Mann claimed that his original commentary "mentioned" that my position at Sirius "had nothing to do with operational risk." The truth is that Mr. Mann made no such mention in his March 29th commentary -- although he should have, since my modest interest in Sirius clearly has no bearing on the company's business risk.

After such muddying of the record with a litany of original and recycled errors, it was a disgraceful cop-out for Mr. Mann to shortchange investors by denying the truth.

Robert M. Friedland
Chairman
Ivanhoe Capital Corporation
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Editor's Note: According to Sirius Satellite's most recent Form DEF 14A, dated 5/26/1999, Darlene Friedland was the second-largest individual shareholder in the company after CEO David Margolese.

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